Saudi oil offer is a major historical history with US weight


According to a factory established by the French group, Saudi crude oil broadcast this month between 11.1 and 11.3 million barrels per day.

Saudi Arabia's oil production has reached a high level reach in November, although Saturday has spread news that the Petroleum Change Agency (OPEC) and Riyadh Agency are planning to reduce oil so that the measure a & # 39; against each other. US President Donald Trump told Reuters on Monday.

According to a business source named by the French group, Saudi production would be a month to come between this month 11.1 and 11.3 million barrels per day (bpd); Translation figures increase from 0.5 million pd from month to month and from 1 million from the beginning of the year.

The current supply is a & # 39; grow faster than the demand, and it is expected that an OPEC will be approved throughout the world to reduce its output at the next official meeting on 6 December.

OPEC and Saudi Arabia are aiming at the production targets that they agree to reconfirm its first time in November 2016. This is a means that Riyadh will reduce its output from its target of 11 million barrels per day; this month to a degree. 2016, with just over 10 million barrels per day.

On Monday, oil prices rose by more than 2%, after falling on the last Friday to the lowest level to date this year.

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